Quote:
Originally Posted by BugsyPal
Things apparently aren't all doom and gloom for all American households. Many have used this covid-19 induced recession to sort themselves out financially. Bank balances are going up, debt levels going down, and in general for many a general reassessment of their household economics.
See? There's good in everything if you but look for it.
https://www.nytimes.com/2020/10/27/b...s-savings.html |
It's because the New York Times speaks for Wall Street. No more stimulus for you. We have ours, and it's ongoing and permanent. The worst thing about QE is how arrogant many of the wealthy have become. We hear the constant drumbeat about government programs for other groups, but when it comes to the main program for the wealthy and the large corporations, nothing ... except when the market goes down even a little. It's gotten so bad that these people try to rig elections and primaries with the Trumps, Bloombergs, Kochs, Kanye West, and others. It's creating a real rot in the society as they also fund the echo chambers meant to undermine the democratic processes and steal from programs intended for small businesses.
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